The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Globant S.A. who purchased Common stock between February 15, 2024 and August 14, 2025.
According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that Globant’s Latin American operations began experiencing turmoil in late 2023. Latin America was not, as defendants claimed, a “particularly beneficial” region that would allow for the “ability to grow” Globant’s business. Nor was the market in Latin America “stable” or “improving a lot.” In truth, Globant was facing decreasing demand across Latin America and had frozen wages in both Argentina and Mexico in late 2023 and Latin American clients were reducing and cancelling their projects with the Company. Moreover, it was misleading for Globant to discuss the effects of the depreciation of the Argentine currency on its project contracts without disclosing that it had frozen the wages of its Argentine employees and that, because of currency depreciation, those wage freezes amounted in practical terms to wage cuts.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until June 23, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
